Category archives: Ferrous

Iron Ore DCE September Daily Technical Review 29/06/22

Verdict – Short-term neutral to bullish.   DCE iron ore September contract tested low and supported above 790.0 area, confirmed the effectiveness of the support. Iron ore followed intraday rebound. Hourly chart created a temporary resistance around 819.0- 822.5 area, a rebound through this level would potentially see a continuous spike.   The first support …

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Daily Virtual Steel Mill Report 29/06/22

Market Verdict on Iron Ore： • Neutral.   Macro • China reduced Covid-19 related quantarine period, lifted sentiments on secondary market investments. • ECB Finance Minister Lagarde reclaimed to hike 25 bp on interest rate in July, and inidcated that it is necessary to start more aggressive hike in this September.   Iron Ore Key …

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Iron Ore DCE September Daily Technical Review 28/06/22

Verdict – Short-term neutral.   DCE iron ore September contract broke important previous resistance around 790.0 level, which was a upper boundary of a gap. Be aware that aggregated open interest level was still running at three-year high. Gains taking on both sides could trigger a big intra-day level movement. Previous resistance790.0 became the first …

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